20389 Bitcoin Gold Bitcoin to secede from an independent cryptocurrency

Bitcoin Gold Bitcoin to secede from an independent cryptocurrency



This Wednesday, October 25, there will be a separation (so-called hardwork) the virtual currency Bitcoin, causing the market will be another independent cryptocurrency Bitcoin Gold. It was developed by volunteers led by the head of a major Hong Kong manufacturer of miners Jack Liao. Bitcoin Gold is almost completely open source, and the currency already supports a huge number of users from around the world.

Bitcoin Gold uses a new PoW algorithm Equihash what mining cryptocurrency is changing dramatically. For mining do not fit the traditional farm for mining BTC (ASIC) built using special chips. As a result, users will be able to Bitcoin Gold using only GPUs. In addition, Bitcoin Gold has a full protection from playback which prevents the possibility of accidental use of already received virtual coins.

Bitcoin Gold

It is important to note that on October 25, anyone who has the private key to the wallet with bitcoin in the account, will receive the same amount of Bitcoin Gold. For this you need to install a new, not yet existing wallet.

What will happen after October 25 is now hard to imagine. You may receive a huge number of new comers mine, and Toda we are waiting for another price increase on the video card. At the same time, some well-known shopping sites, e.g. Coinbase and Bitterx, have already announced that they do not intend to support Bitcoin Gold until you have eliminated all possible security threats and does not appear fully functional wallet. Moreover, the first 100,000 units of the Bitcoin Gold will be mined by its creators, even before the launch of cryptocurrency, which is scheduled for November 1.

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Source: btcgpu.org

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